Articles

The 2016 Innovation Summit is coming soon!

innovationsummitlogo_v2_sm_001Thursday, November 17, 2016

The Connecticut Convention Center
Hartford, Connecticut

 

CVG is partnering with the Connecticut Technology Council to present the 2016 Innovation Summit.

This Innovation Summit is poised to be the biggest and best in the event’s ten-year history. Companies is phases from Launch to Growth to Proven are invited to attend workshops, a Disruptive Technology Pitch, have Lunch with an Angel, or even participate as a Showcase Company.

The Innovation Summit is suitable for professionals in a variety of spaces–entrepreneurs, venture capitalists, angel investors, and professional advisors.

CVG is proud to be a partner in this great Connecticut business event!

Learn more

Leave a comment

Investor & Entrepreneur Network event, in collaboration with CURE, July 14


Join the movers and shakers of the investment and entrepreneurial communities for CVG’s monthly Investor & Entrepreneur Network event! 

Register Now! 

This event is co-hosted by CURE and will feature a welcome address, company presentations to an investor panel, showcase company pitches,  networking, refreshments, Company Showcase and more.
Join and experience the CURE Innovation Commons – recently opened, it has approximately 24,000 square feet of new, independent and shared laboratories, numerous offices, conference rooms, co-working spaces and a large meeting and event area.
the CURE Commons Innovation Center
Event Agenda: 
4:30 pm | Registration, Networking & Company Showcase
5:00 pm | Welcome Address
5:15 pm | Company Presentations & Pitches
6:30 pm | Networking Reception & Company Showcase

ATTENTION – All RISING ENTREPRENEURS:
Are you looking to connect with Active Investors, Industry Experts & other Critical Resources needed to launch and scale your business?
If so, then you should become a CVG Rising Entrepreneur.
CVG’s Rising Entrepreneur Membership provides you with the opportunity to:
  • Showcase at our monthly events
  • Participate in our Private 1:1 Investor sessions
  • Apply to be a Presenting Company & receive feedback from a Panel of Active Investors

All interested Companies should:

Apply via our Gust Profile

IMPORTANT NOTICE TO PRESENTING COMPANIES:
The Securities and Exchange Commission has adopted new rules that can complicate private placements and what a company can and cannot say during events such as Crossroads Venture Group sponsored events. A presentation at such an event could constitute a “general solicitation,” which could add complications and cost to compliance with applicable securities laws. Therefore, presenting companies must consult with experienced legal counsel prior to speaking at any such event.By presenting at a Crossroads Venture Group event, each presenting company acknowledges that (i) it is their responsibility to ensure compliance with applicable securities laws, including the content of its presentation, the making of appropriate regulatory filings and the inclusion of appropriate disclaimers and legends on it’s presenting material, and (ii) neither the Crossroads Venture Group nor any of its representatives is responsible for any such compliance.

Register Now! 


 When

Thursday July 14, 2016 | 4:30pm to 7:30pm  Add to Calendar

Where

CURE Innovation Commons
93 Shennecossett Road
Groton, CT 06340  

Contact

Crossroads Venture Group
860-289-0878
info@cvg.org

Register Now! 


 

Presented by: Crossroads Venture Group

Crossroads Venture Group is sponsored by:

Deal Lead Sponsors: 
Fiondella, Milone & LaSaracina LLP, Mintz + Hoke, PricewaterhouseCoopers LLP, Shipman & Goodwin LLP, Updike, Kelly & Spellacy, P.C., Robinson & Cole LLP, Webster Bank, Wiggin and Dana LLP

B  Round Sponsors: 
Connecticut Innovations, McCarter & English, LLP, 

A  Round Sponsors:
The Bolat Group, Fairfield University – Dolan School of Business, University of Connecticut – CT Center Entrepreneurship & Innovation, Yale University – Yale Entrepreneurial Institute (YEI)

Venture Capital Sponsors:
Advantage Capital Partners/Ironwood Capital, Angel Investor Forum, Canaan Partners, Enhanced Capital, Horizon Technology Finance, LaunchCapital LLC, Stonehenge Growth Capital

Professional Services Firm Sponsors:
Carter Morse & Mathias, Dilworth IP LLC, Fairfield Partners Executive Search LLC, KPMG LLP, Murtha Cullina LLP
O’Connor Davies LLP, Pullman & Comley LLC

Collaborative Sponsors:
Stamford Innovation Center

Leave a comment

Lesley Stroll appointed Executive Director of Angel Investor Forum

FOR IMMEDIATE RELEASE:

lesley

Lesley Stroll – Executive Director of the Angel Investor Forum

Hartford, CT, March 1, 2016 – The Angel Investor Forum (AIF) announced the appointment of Lesley Stroll as AIF’s Executive Director, effective March 1st.

“Lesley will be a great asset to our angel group. She has experience in business development and marketing and is an active participant in Connecticut’s start up community. As a Vice Chair of the Wharton Alumni Angel Network, she has demonstrated a unique ability to identify and nurture early stage companies with the potential to scale” said Ed Goodwin, President of the Angel Investor Forum. “We will continue to support our region’s entrepreneurs and with Lesley’s leadership we look forward to working with companies of the highest potential.”

Lesley is a Senior Advisor and Founding member of the Refinery, an accelerator for women-led business. Her role as Director of Educational Programming at the Stamford Innovation Center, and a member of their advisory board, gave her hands-on experience to address the needs of “stage one” startups.

Her degree in Entrepreneurial Management, and a successful career in financial services from both the business development and marketing sectors, gives Lesley a thorough understanding of the challenges faced by today’s entrepreneurs.

“As the Executive Director of AIF, I am excited to build on our angel group’s success. AIF’s strength lies in its broad membership across many industry sectors. We not only make investments in startups, but also give portfolio companies introductions and mentorship that can boost their success. Working with AIF to invest in Connecticut and the region’s entrepreneurial ecosystem is an exciting new challenge. I am really looking forward to it.”

About The Angel Investor Forum

The Angel Investor Forum (AIF) (www.angelinvestorforum.com) is an angel group located in Connecticut (CT) comprised of sophisticated, accredited investors who are former C-level executives, serial entrepreneurs and active venture capital and private equity investors.

The Angel Investor Forum provides accredited investors with the opportunity to pool their resources to source, screen and evaluate early stage companies for potential investment with a particular focus in Connecticut and the Northeast region. Members share their knowledge, expertise and collaborate with each other on due diligence but make their own individual investment decisions (under common valuation and terms). Angel Investor Forum is not a fund.

AIF membership is open to individuals who are considered “accredited investors” by the SEC and are interested in investing their own funds in start-up companies. AIF is actively investing in companies and currently is welcoming new members. For more information, contact Mary Anne Rooke at admin@angelinvestorforum.com.

CONTACT:
Angel Investor Forum
222 Pitkin Street, Ste. 113
East Hartford, CT 06108
www.angelinvestorforum.com
admin@angelinvestorforum.com
(860)484-3790

Click here for a PDF of the Press Release: Press Release – Lesley Stroll – new AIF Executive Director

Leave a comment

Q4 Money Tree Report – Highlights & Statistics

The Venture Capital Ecosystem deploys $58.8 Billion in 2015

According to the Q4 MoneyTree Report from PricewaterhouseCoopers LLP (PwC) based on data provided by Thomson Reuters VC investment totaled $58.8B in 2015. This is the second highest total in the last 20 years. Software continued to see the highest total investment of any industry bringing in nearly $1.5B through 95 deals. However, Financial Services saw the biggest increase in overall investment of any industry from 2014-2015 with an increase of 183% year over year.

Connecticut Statistics & Highlights

Connecticut saw its fair share of deals with $446M being invested in CT companies during 2015 and more than $175M invested in Q4 alone. However that number is down over $115M from 2014 when VC investment hit a 20 year high. The Biotech & Software industries continued to be top recipients of Venture Investment in 2016 bringing in $282M – more than half of CT’s total. CVG members Avitus Orthopeadics & Woven Orthopedic Technologies both made the top deals list raising $350k & $850K respectively.

You can read the full PwC/NVCA MoneyTree Report online at www.pwcmoneytree.com.

 

 

Leave a comment

The Startup Ecosystem absorbed $16 Billion in the third Quarter as 2015 sets torrid pace for Venture Capital investments.

Venture capitalists invested $16.3 billion in 1,070 deals in the third quarter of 2015, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters.

Report Highlights:

The $47 billion invested so far this year is already than more than the full year totals for 17 of the last 20 years.

The Software industry continues to be the most active industry for VC investment receiving $5.8 billion in funding this quarter.

Media & Entertainment companies received the third largest amount of venture capital for the quarter with $1.4 billion deployed across 90 deals, an 18 percent increase in dollars compared to the second quarter despite a 24 percent decline in number of deals.

In Connecticut:

Capture2

 

 

 

 

 

 

Thirteen investments were made in Connecticut during the second quarter bringing $92,249,000 dollars to CT Startups. Both Total deals and the amount invested are down from the Previous Quarter, but overall the market has stayed robust.

 

Read the full MoneyTree Report here.

Leave a comment

Canaan Partners and Yale Entrepreneurial Institute partner to Launch the Canaan-Yale Venture Fellowship Program

CVG Sponsors Canaan Partners and Yale Entrepreneurship Institute (YEI) have announced they will be partnering to launch the Canaan-Yale Fellowship Program. YEI & Canaan Partners will be working together to select eight students, each academic year, to be split into two multidisciplinary teams. The teams will provide strategy and leadership to Canaan and Canaan startup companies in the healthcare sector.

This new partnership provides an excellent opportunity for a top academic institution to partner with one of the country’s finest Venture Capital firms. Erika Smith, Deputy Director of YEI, had this to say about the partnership:

 “To have the world class team at Canaan working closely with the top student talent from Yale – across business, medicine and biosciences – is an incredible opportunity for these students, who will learn first-hand about procuring venture capital dollars and the complex world of commercializing life science technology.”

You can find out more about the partnership by reading the official press release.

Leave a comment

Ironwood Capital

IronwoIronwoodLogo2012 (399x198)od Capital is a Connecticut-based private equity firm with over $500 million of institutional capital under management and over a quarter century of middle market experience. Through our non-control investments, Ironwood partners with owners, managers and equity sponsors of successful companies to enable them to reach the next level of success with the least amount of disruption. They support management in accelerating the growth of well-positioned companies by investing in internal growth initiatives, strategic acquisitions and infrastructure. Ironwood also invests in support of recapitalizations, refinancings, generational transitions, buyouts and other types of transactions. And throughout, we seek to simplify a process that is often unnecessarily wrought with complexity and contention.

Leave a comment

September 2015 | Social Media and Mobile Tech Recap

Sixty-five movers and shakers from the Crossroads Venture Group Community gathered to grow the Social Media and Mobile Tech industries in Connecticut. There were company showcases and presentations, an investor panel that gave live feedback to presenting companies, as well as an inspiring keynote speaker!21480381211_3a1057521c_z

Presenting Companies:

Three strong Rising Entrepreneurs presented at this months CVG event in front of a panel of experienced and knowledgeable investors. After each presentation, investors had the opportunity to ask questions and provide feedback.20850684793_8f0f5ec553_z

Burbio Inc.Julie Roche, Co-Founder & CEO
Burbio is a calendar-driven community platform that brings together school, sports and community group calendars, to give residents a personalized resource.

KenCast Inc.Richard Brand, CFO
KenCast was selected by movie industry consortium for secure delivery of first release films & live sports events.

Wellinks Inc.Ellen Su, Co-Founder & CCO
Wellinks is a wearable health technology company dedicated to improving clinical outcomes through education and creation of good habits around treatment.20849081894_79a0c6d519_z

Presenting Companies presented to a panel of experienced investors:

Matthew Bloom, Investment Associate, Connecticut Innovations
John Lim, CEO & Founder, Life in Mobile; Angel Investor
Lesley Stroll, Member, Angel Investor Forum; Member, Wharton Alumni Network
Peggy Wallace, Founding Member & Managing Director, Golden Seeds LLC; Managing Partner, Golden Seeds Fund

Immediately following the company presentations, John Lim, CEO and Founder of Life in Mobile, delivered a thought provoking, encouraging presentation that had entrepreneurs on the edge of their seats.21480376401_464069eac5_z

“Would you rather be rich, or be king?”

“Would you rather be rich, or be king,” started Lim. “If both, are they one in the same?” Entrepreneurs cocked their heads as Lim began his presentation with a quick, yet descriptive, depiction of his early years as an entrepreneur. Starting with his attempt to acquire paper routes as a 10-year-old boy to the art of striking deals as a 20-year-old in a NYC pub where the bar tender served him virgin cranberry vodkas. How he lost his wealth just as quickly as he found it.

The message was clear, chase money and don’t bother calling yourself an entrepreneur. Being an entrepreneur is not about chasing the dollar, its about taking risks, being passionate, working hard and above all, innovating through limitations.21460789892_5cd0969e4d_z

“If you don’t lose you’re not doing it right.”

Lim went on to explain that the mobile device is the only gadget, since the advent of the car, that has drastically shifted human behavior. When you work in the mobile industry it’s not about building magic tech, its about summoning an emotional response from the user.

“You’re not building the technology, you’re building an experience behind it.”

At the conclusion of his presentation Lim circled back to what it means to be a successful entrepreneur; highlighting some of his struggles and how they’ve shaped him into the successful entrepreneur he is today.

“You need to realize your limitations so you can innovate them,” he said. “It’s easy to be an OK entrepreneur; 34 million small businesses exist in this country and less than 7% of them generate over 1 million dollars each year. Distraction is the key to failure.”

Upcoming Events:
Tech Transfer – October 8capture
*Innovation Summit (Apply to be a Tech Company To Watch) – November 10

Present & Showcase at an upcoming event:

Interested in presenting as a Rising Entrepreneur at on of our future networking events? Click here to apply.

Click here to view more event photos
Click to view presentation

 

 

 

 

 

 

 

 

Leave a comment

UConn to hold Women’s Entrepreneurs Empowerment Forum

UConn will be holding their Women’s Entrepreneurs Empowerment Forum on Friday, September 18, 2015 from 8:30am to 2:30pm at their Stamford Campus. The conference will bring together women entrepreneurs and provides an opportunity to network with each other, showcase their ventures, and participate in a variety of educational workshops to help take their businesses to the next level.hero_ccwe2

Be sure to attend this fantastic event and support Women Entrepreneur’s in CT!

Register Here to secure your spot.

 

Leave a comment

Arizona Company licenses CT Inventor’s Alzheimer’s tech

Arizona based NeuroEM Therapeutics has taken a no-fee research and development license for an apparatus patented by Eric Knight of Farmington, CT based Remarkable Technologies. Eric Knight, a CVG member and supporter, began developing a device in 2013 designed to deliver radio waves to the brain to target plaque suspected to be a cause of Alzheimers. Alzheimers disease affects millions of people worldwide.

NeuroEm is excited to add the technology to their patent portfolio as they continue to advance their wave based therapeutics, a technology that will be entering clinical trials in the near future. Gary Arendash, a former University of South Florida researcher who founded NeuroEM in 2013, also has technology licensed from his time at the university and is currently collaborating with Arizona State University.

You can find out more about the licensing and NeuroEm Therapuetics at HartfordBusiness .com

Leave a comment